The Central Bank of Kenya (CBK) granted a license to Mayfair Bank Limited to conduct banking business in Kenya. The license has been granted pursuant to Sections 4 and 5 of the Banking Act (Cap 488) following the fulfilment of the stipulated licensing requirements. Established by a group of local investors and headquartered in Nairobi, Mayfair Bank Limited will principally target the corporate market segment. It will launch its presence with an initial network of three branches (two in Nairobi and one in Mombasa). The entry of Mayfair Bank Limited will broaden the choices available to the Kenyan banking public…
Author: NBM CORRESPONDENT
Nairobi has been ranked as the cheapest city for construction out of 43 major cities around the world in a survey done by Turner & Townsend PLC, a construction and project management consultancy firm. Even though the cost of land might be high in the city, the report shows that Nairobi is the most favorable place for investors to come and grow their presence in the East African region. Nairobi has grown so much over the years that it has caught the attention of the global community as among one of the fastest modernizing cities. This has caused the city…
BY DAVID ONJILI The Freemasons is considered to be a secret society by many yet those in the society say it is an open society shrouded in secrecy in the eyes of outsiders. I couldn’t find a more apt definition to talk about Kenyan Football management than this, the secrecy with which contracts are entered, the exploitation that is later experienced has for a long time been the very defining attribute of our local game. No matter whom you talk to, it is always scanty information that you will get on such matters as the football stakeholders and cartels’ love…
BY ISAAC SWILA When SuperSport, a South African group of TV channels owned by Multichoice and carried on the DStv satellite platform recently announced the termination of their contract with the Kenyan Premier League (KPL), shock and disbelief greeted the football industry. The contract had given the South African outfit exclusive rights to broadcast matches of the Kenyan top-tier and had been in existence since 2007. After investing in the Kenyan league for ten years pumping in colossal sums of money, no one had foreseen their exit, not in the near future. With SuperSports untimely departure, adverse financial effects will…
BY TERRY MWANGI Men are a stubborn bunch when it comes to fashion. Keeping up with fashion is never high up a man’s priority. Has it ever crossed your mind that maybe the reason you have been in endless chains of friendzone was because of your wardrobe? Okay this might not be a fact but your clothes also play a major role in attracting the right people and opportunities in your life. We do not wish for your wardrobe to be awash with all types of clothes and colors, a man’s wardrobe should be super simple and direct. All a…
BY TOM ODHIAMBO By the time you read this essay you will be just about 80 days away from voting in the national General Election. You will almost be about to tick the ballot in favour of or against your choice of the President, Governor, Member of Parliament, Senator, Woman Representative, or Member of the Constituent Assembly. You will most likely perform this civic duty honestly and patriotically. But you might just have been ‘convinced’ to vote for any one of those individuals by a set of calculated lies and schemes. Lies, there is no doubt, make up a large…
With a drastic reduction in neglected tropical diseases (NTDs) during the past five years, the World Health Organization (WHO), donors, non-governmental organizations and government representatives of endemic countries are meeting in Geneva, Switzerland to build on the gains that have been made and reaffirm their commitment to the fight against the menace. Since the London Declaration five years ago, which crystallized the international commitment to fight against 10 NTDs, tremendous progress has been made in reducing the burden of these diseases. Globally, nearly a billion people received treatment for at least one NTD in 2015, 36% more than just four…
BY PETER WANYONYI Kenya goes to the ballot box in a couple of months. Come election time, two things are guaranteed – one, that there will be long queues of voters snaking out of polling stations and on for hundreds of metres at every polling station save for the country’s sparsely populated north. Two, and more important, there will be massive disagreements come results announcement time. Not a single losing candidate around the country will accept the verdict of the returning officer. The reasons will be varied, but they will revolve around one fact: no one, not even the Electoral…
BY MARTIN MULI The unprecedented growth in digital communication has undoubtedly given Kenyans a platform for political activism. With the General Election barely three months away and intense political activities on the social networks, it is safe to conclude that social media’s influence in the polls will be much stronger than before. The impact of social media as a tool of political engagement is already being felt profoundly with the growth in the various social media platforms such as Twitter, Facebook, WhatsApp, Instagram and Youtube. According to the latest annual report, “The State of the Internet in Kenya 2016” by…
BY VICTOR ADAR There’s a lot of good things going for a young man who was once looked down upon after failing form four exams. Author of The Betrayed Nation, which is a drama of gambling with politics and violence, and currently riding on the latest book, The Raila Conspiracy, Babior Newton is one guy profiting from what many young people would find a great discomfort venturing into. Hearing his name would make you think that the creative author is some guy from South Sudan, or some fellow running funny cloth line from Lagos to Nairobi. But that is not…